The Huobi Pro cryptocurrency exchange will suspend the service of Japanese investors in next month. This is written by Coindesk.
According to his information, the corresponding announcement was made in an e-mail, which was received by investors from Japan on Wednesday. It says that they will not be able to use the services of the exchange to exchange cryptocurrency since July 2.
In response to a request from CoinDesk, the Huobi Pro exchange confirmed this information, but did not specify how the procedure for the withdrawal of assets of Japanese traders would be organized.
Huobi Pro's decision to leave Japan is due to the fact that the company is not registered with the Financial Services Agency, which since the beginning of the year has significantly strengthened control over local sites for the exchange of cryptocurrencies. Whether the company received any notifications from the regulator is not known.
Earlier this year, Huobi Pro announced that it had entered into an agreement with SBI Virtual Currency, a licensed exchange unit of the Japanese financial conglomerate SBI Holdings. It was planned that both companies would open a joint exchange in Japan, but in March SBI Virtual Currency announced a break in relations.
According to the Alexa portal, about 13% of visitors to Huobi Pro live in Japan.